in 2004, new jersey sued exxon for $9 billion in restoration and restitution relating to the chemical ( bleep ) of a large area of new jersey that many of you have probably driven by and thought, did a skunk get diarrhea?" well in 2006, the court declared exxon libel for the damages of that lawsuit and went home and watch the first season of "fridays night lights." for eight years, new jersey and its team of lawyers battled to determine just how many billions of dollars they would squeeze through exxon's nozzle until master negotiator chris christie showed up and sealed the deal. >> exxon agreed to pay $225 million over contamination at refinery sites in new jersey. >> before court could decide on damages, christie settled the case. >> christie's chief counsel inserted himself into the case and cut a deal favorable to exxon. >> jon: boom! 200 and-- what? okay $221 million out of 9 million, three cents on the dollar? christie said he was a great negotiator. he didn't say which side he was working for. ( laughter ) ( cheers and applause ) now, for more-- the more skeptical amongst us mi

it's up more than 20% for april, huge earnings today from exxon, even though they were lower than last year's. the oil giant did easily top expectations. jackie deangeles following the story for us at the nimex. >> good afternoon, tyler, hello. you're right, it was a monster month for oil and a lot of traders and analysts are telling me that in fact prices are supported here. they probably can even go slightly higher over that $60 mark and that means that they think the worst is over for big companies that are going to report. for example, exxon. this morning the company reporting a profit of $4.94 billion or $1.17 a share. analysts were looking for 83 cents a share but keep in mind

>> it's exxon. and you know, i got thinking about exxon this week. we had this blockbuster deal where royal dutch bought the bg group, a $70 billion deal. when you think about exxon, it's down 7.5% on the year, down 18% from the 52-week and all-time highs made last summer and it's really trying to make a bottom here. looking at the year-to-date chart, it's been trading between $84 and $86 over the last month here. and crude oil has had this big move, so it's trying to stabilize. one thought by some oil investors is that maybe these guys spend themselves out of recession. maybe they could pick up some cheap assets while the commodity is lower. and i'm just going to make another point about exxon here. you know, this is the price of options, implied volatility. it's relatively low. it's been basing here as the stock's been basing. so, for those looking to make defined risk directional plays, the options market is one way to do it. so, today i looked at it when the stock was about $85.50. you could look out two months to june expiration. the june $85 ca

bill: chasing the story of the exxon mobil settlement that has been agreed to. many state democrats are not so happy with the number. among them state sen. ray lesniak. >> yesterday the proposed settlement became available on the dep website. associated with that associated with that was a press release. $225 million settlement which requires them to pay an unspecified amount whatever cost is associated with remediation. the biggest the biggest in new jersey history, but not everyone is happy. right right after that settlement became public i met up with the senator after he finished a round of golf. he called the settlement the biggest giveaway in the history of our country and that he explains his problem with the fact that the settlement says alleged damages. >> exxon can write off the settlement as a tax write off. it shows how chris christie is in bed with the corporate executives of exxon. >> today he made his feelings and issues public. he held a press conference. he had some issues with governor christie calling this a good deal. >> the governor screamin

exxon was 41% higher than estimates. meanwhile con coe phillips last more than $200 million in the first quarter. still beat the street estimate. shell drilling helped ease the pain from the collapse in oil prices. >> who could be the buyer? microsoft, oracle and sap have the resources. has a market evaluation of $49 billion. the company is working with bankers to field takeover offers after it was approached by a potential acquirer. >> look at top stories today. coming up at 2:30 a round table discussion on raise i can't and europe. and a special report on innovative cancer treatment research using nano robots. >> check out the newest edition of bloomberg business week. hits newsstand and your tablet today. on monday 16,000 students of corinthian colleges found out school is closed forever. corinthian college is shutting down all its campuses due to fraud investigations. it's the biggest for profit collapse shut down in u.s. higher education. what are students options now? decwran net lauren joins me with more on this f

. >> the exxon and when you look at exxon and other oil companies, is that something that has happened since the oil company prices have come down significantly? >> yeah. a lot of our clients we find have a large active trader base and so they tend to have a contrarrian view. >> in terms of what you're looking at for the market. i know you watch your clients and what they're doing. where are you in terms of the u.s. economy and, like you said you wouldn't be surprised for a correction, would you be surprised if the markets continue to climb. >> i think last year wasn't an overly strong market and this year wasn't an overly strong market. overall, going to depend on what the data tells us about the u.s. economy in the next three to six months. >> you don't think the fed is raising interest rates soon. >> that's what the forward curve would tell you. short-term rates will not move until december. >> and sometimes stocks do things that they just seem like they have to do them. it has nothing to do with fundamentals or anything. i'm talking about apple and you're feeling they went to a hig

exxon mobil is a massive company. it reported earnings per share of a dollar 17 for the quarter -- $1.17 for the quarter. production increased 2.3%. the reduced capital expenditures by 9%. the upstream business posted a loss of $52 million. terms of how the stock is reacting up 1.5% on that profit beat from exxon mobil. the dividend increases. phillips reported results -- $1.51. these two oil companies, better than anticipated results. analysts have been bringing down there estimates the last couple of weeks. they probably overshot in terms of bringing down there estimates and companies are beating this lower bar. conoco phillips reporting results earlier -- it did post a loss here. $.18 deficit. conoco phillips not making any changes to its 2015 production which anticipates 5% output growth. it anticipates a drop of 28% from the same time a year ago. the significant downturn in prices has been a test for the industry. each company is looking to do what they can to whether this downturn -- weather this downturn. cutti

>> the ball is in exxon's court. they have shell closing in on them. look at the companies popping today -- a lot of people think it may be too soon to see this wave of consolidation. the weaker companies are not desperate enough yet and it will take a little longer. erik: do we say it is too wide because of what shell is having to pay? a $35 billion premium. stephanie: or the seller is delusional? >> the sellers are holding out. they think they may be able to whether this on their own. it's not the takeover investors that needed convincing. the shell investors looked -- erik: is that a legitimate concern? the bg's aren't like the independent oil producers in the shale patch. they can hold out. >> they can ride it out. one of the things that's interesting about this and mende market is ordinarily, strategic buyers are being rewarded when they do big deals. -- this am and am&a market. shareholders are applauding them for final using the power -- finally utilizing the power of their balance sheets. the premarket on shell was down. i think that's because

exxon and conoco both beat estimates. exxon made more than expected and conoco lost less than expected. joining us now is stephen short and vincent piazzolla. we have seen beats from all industry leaders but the big issue eric and i complain about why don't we just look up the actual numbers? the fact that the stock is responding to what analysts are estimating analysts keep moving it so they look smart. vincent: expectations and sentiment. when you think of exxon in particular, you have a combination of both the downstream and the upstream that tends to smooth out volatility in the earnings. if you think about the average prices for both pi and brent down over 50% year-over-year it had an impact on the upstream business. earnings were basically cut in half. the refining stream really provided support and ballast to the overall earnings picture. yet, earnings were off over 40 some odd percent. it is in expectations game. relative to the overall views of investment class. bill: i thought we got over this game years ago, ba

on the other hand exxon has huge asset base. they want to fortify what they have a balance in operation. they want to create value. the company that will be asked that will have to make them better and a higher quality. that is what we expect. i expect within six months, we see one or both of chevron and exxon following the footsteps of shell. erik: obviously that is super important that what matters potentially even more to investors is what companies will they go after. you do want to talk about potential targets because those companies will not be happy if you do? fadel: absolutely. you guys and your business can do that but in the business i am in, we cannot do that. erik: if we were to look at a number of potential targets, i could throw some names out there. apache, devon commission near whatever the case may be. why doesn't it make sense to evaluate them on a case-by-case basis and say such as such company would be a great fit with exxon?? or a great fit with chevron? fadel: you started this so i just follow up with that.

when oil was flying exxon did good not great. oil goes down, exxon shows you the breadth of its products and why they are the most consistent player. that's why this remains the stock people can buy without getting in trouble. >> they already cut capex. is this too late for some of these names? >> i think it's too late for companies people are saying they are going to make a bid. ritch dutch got hammered. the companies that want to sell themselves want too high a price. it's i game over on that take over deal. you had a chance. bottom was when whiting did that successful secondary. when noble did the secondary. you realize they can raise money. >> is energy the most important play? people are talking about nat gas needs to catch up? >> nat gas is in total glut. the big rally in oil comes from the dollar. i think that dollar's decline is breathtaking and incorrect, meaning people weren't playing it. i think oil usually -- oil fluctuates. how much of its rally or decline is dollar? right now i'm saying it's a high correlation. we s

exxon mobil, tough to deny. i think it is going a lot higher. >> are you going to give me a -- >> we saw some weakness in the dollar today because of retail sales and some weak economic data in the u.s. and the fed you can get weaker dollar. that's good for gold. gdl or gdx is another way to play. >> grasso? >> we talked about it in the middle of the show, bank of america the underperformer in the space. down 11% or so going into the print tomorrow. i would be a buyer of this. the risk to the downside is limited and upside potential. >> i'm melissa lee, thanks so much for watching. meantime, don't go >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. >> hey, i'm cramer. welcome to "mad money" welcome to cramerica. other people want to make friends. my job is to educate and teach. so call me at 1-800-743-cnbc or tweet me at jim cramer. lots of times when i'm responding

talk to me about exxon making a bid for that. it sounds crazy to me. >> does this deal trigger the next wave of mergers like we had back in the 90's where we had one deal and a flush that followed? the difference was this there was some great logic between these companies coming together. i think for exxon, do they have the firepower to do it? sure. there is less logic for them doing this. exxon is big in the production but not so much trading. there is contentious stuff around regulation. there will be a move to say we really want to come over the top. alix: do you agree? they want shale. >> we are talking about the method in which they approach the market. let's put it very simply. exxon has made it clear they are going to center on oil, liquids, u.s. shale and they have the money to buy practically anybody. they can buy continental. the point is those stocks are not valued at $55 oil. they are pretty pricey right now, which is why exxon despite saying they have a huge amount of cash and are ready to spend it, is kind of laid b

plus big oil and big earnings from exxon to conoco. we're playing take your position on some of the biggest names in the space. stay tuned. d like you to know. d like you to know. we don't collect killer whales from the wild. and haven't for 35 years. with the hightest standard of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it very seriously. because we love them. and we know you love them too. dentist appointment when my teeth are ready? ♪ can it tell the doctor how long you have to wear this thing? ♪ can it tell the flight attendant to please not wake me this time? ♪ the answer is yes, it can. so, the question your customers are really asking is, can your business deliver? >>> well getting hit hard. the conference call is getting under way, let's get back todom chu. dom? >> shares are down 14.5%. 1.9 millio

if your exxon, do you react? this was the big trade to do. they ramped up their exposure by doing this. the super majors will be looking at this thinking they need to react. matt: will they react by putting in a higher bid for bg group? will we see more people get into this? ed: it is possible. we have seen companies come in and this is across any sector with what looks like a very full price and then we see people come in over the top. it is possible someone comes in. for now, it looks like a full price. it is hard to see anyone coming in much higher. matt: our companies being crippled by the depressed oil price? ed: there is an element in oil and gas right now -- the depressed oil price is having an effect. it is forcing companies to consider selling. we saw it with petroleum. of a put themselves up for sale. a lot of noise. they actually took themselves off the block and said, we do not need to do it. i think in bg's case, this is by no means them being forced to sell. it is actually shell who struggled with production and has been hit har

. >>> dan also had the hot hand on exxon. >> when you think about exxon, it's down 7.5% on the year, down 18% from the 52-week and all-time highs made last summer, and it's really trying to kind of make a bottom here. for those who are looking to make the fine risk directional plays, the options market is one way to do it. so, today i looked at it when the stock was about $85.50. you could look out two months to june expiration. the june 85 calls were offered at about $2.50. >> dan, what did you do with the trade? >> here's the thing, you had a quick move and it doesn't always work that way, kbrout sometimes have to consider what's going on. the trade cost $2.50, was probably worth $4.25, not a bad short-term gain, but looking out to june, june expirations. so, what i'm trying to do is when the stock is at $90 again, it should be about a double here and that's when i will consider either rolling it up and out, if i still have a bullish view, or like mike said, possibly selling a higher strike call in june expiration to lower my break-even and lower my risk on the trade. >> obviously,

>> according to the texas railroad commission, xto energy a subsid riz subsidiary of exxon mobile, owns this well. asked mayor stokes about the increased confident. >> no beating around the bush. they are causing this activity. the more horizontal fracking and drilling we have the more problems the more waste water the more injected into the ground we're doing and it's opening fault lines that aren't open at the moment. >> in a prepared statement xto the company that owns this disposal well told "techknow" based on an analysis of the data to date, xl does not believe its well caused any of the seismic events. it's a sensitive issue. when the mayor took us to the area, a driver began taking pictures of us on a cell phone. residents of reno and azel are taking action. >> the quake started recently and it woke me up. i thought a 747 landed on my roof. >> at a round of hearings at the texas state capital, citizens voiced their complaints, the railroad is a state agency that regulates the gas and oil industry including drilling and disposal wells located throughout the state. >> how would yo

three houses were so badly damaged, exxon knocked them down. most sat empty. even after an accident like the one in mayflower, defeating keystone could be a long shot for steyer. if you look at the polls, 2/3 f americans do support the keystone pipeline, and that number hasn't budged in the last two years. steyer: it really hasn't. betty: seems like you're in a minority there. steyer: i think that this is a topic in which people, a, don't really understand what it is and b, it's always presented either we do this or we do nothing. that's absolutely not true. we are not going to run the society without energy. it's just a question of how we think about it. betty: but keystone is just part of the problem. steyer says the bigger climate issue is how tar sand oil is ecovered from the canadian countryside. 20% is mixed in sandy soil lying just below the surface and is strip mined and spun in centrifuges to separate the oil from the dirt. the remaining 80% is trapped hundreds of feet below solid rock. steam is injected underground to loosen the oil and it is pumped

it would be behind just exxon leaping over chevron in terms of size. and in fact, it could be the biggest gas producer in the entire world. these are the statistics that we are looking at, and as you said 46 billion pounds. a 50% premium over where it currently is trading if you are looking at bg's market value. that is bigger than average in general in the past. we have seen premiums at about the 40% level of the past decade. but bg's value, if you cast your mind to july, was higher. it has seen a slump by some 29% in recent months as of drop in crude oil prices, of course. this is an opportunistic time for shell to be analyzing what stock picks could be out there. is this all about timing gekko is this all about -- all about timing? it is all about upping the ante. the deal would boost shell's reserves by 28%. it is also about diversifying itself. bg has had some pretty phenomenal discoveries across the globe, brazil, mozambique. if you are looking at shell's previous production, they are rectifying their situation will stop the look -- situation. if

calls from exxon and other oil companies in the region. so it is pivotal to iraqi kurdistan viability. and it cannot be the sole source of income. they need to be involve in the regional trade. it seechlz like a good place to leave these things. this is a comprehensive sweep of the kurdish issue as well as politics of the entire region. occur issue spring new map of the middle east and hear what the author david phillips joining me in thanking him forehis insight today. [applause] isis in the middle east. the center. we are very happy to have with us has an has an the author of co-author of isis. based in abu dhabi. here for a couple of days only. we are fortunate to host as institution in washington and his book appeared on the "new york times" best seller list. and i did not check it this morning. we side that had has an is going to speak for 20 minutes and we will open the floor to your questions we are happy to have with us jane harmon the president and the ceo of the center of who is very much interested in isis and would get. first h

exxon continues to beat the street as cost cutting pays off. and if oracle takes over salesforce it could be a $64 billion deal but regulatory scrutiny would likely be an issue. if you missed any of the big stories visit our site. >>> borrowers and lenders getting creative with mortgages again. will it end badly this time? >>> plus a little crime and punishment. andrea day is on the case. >> a new york times best-selling author swindled out of millions. now the con woman behind it all has finally learned her fate. that's coming up right here on "power lunch." so, how do you feel about cash back? i would not say i'm into it. but let's see where this goes. [ buzzer ] do you like to travel? i'm all about "free" travel, babe. that's what i do. [ buzzer ] balance transfers -- you up for that? well -- unh. too soon? [ female announcer ] fortunately, there's an easier way, with creditcards.com. compare hundreds of cards from every major bank and find the one that's right for you. creditcards.com. it's simple. search, compare, and apply. [ ice rattles

. >>> to the biggest oil companies in the country posting earnings this week and the results out of exxon and chevron will give investors a read on the health of the energy sector. we'll give you a look at what to expect jus >>> demonstrations continued today in baltimore as the city recovers from last night's violent unrest. t rowe price headquartersed there closed downtown offices today and said many employees will work from home or other locations. legg mason encouraged their employees to work from home as well. >>> southwest airlines have canceled ten depatures from the airport citing passenger safety. >>> and major league baseball is taking a step. the baltimore orioles will play the first game in front of no fans tomorrow. >>> and a weekend series will be moved to florida from baltimore. today's game was postponed and will be made up in late may. >>> today the president condemned the violence in baltimore, calling it counter productive. the comments came during a joint news conference with shinzo abe at the white house. they are working to strengthen economic ties and trying to furt

now, exxon clearly is a little more diversified. they're expecting more growth from natural gases but even so we're looking at a much higher growth and when you look at earnings, you're also looking at a 65% growth in earnings for 2016 over this year for chevron versus about a 40% earnings growth in exxon. so really just much higher output, much higher growth and on top of it you get a much higher dividend yield. so all in chevron is definitely my favorite. >> all right. erin gibbs, they like chevron at sb capital iq. larry mcdonald with a sage warning, saying if you're buying an oil stock, also look at the debt. we're going to send it to you, melissa. but there's so much talk of deals and so many billions floating around here that i will bet you, my friend a glass of your favorite scotch that we have at least -- >> very pricey. >> we will have a $5 million deal -- well okay. my favorite scotch which is cheap. a full buy out or a major equity infusion of at least $5 billion by fourth of july. do you accept that bet? >> i don't know

calls from exxon and other oil companies in the region. so it is pivotal to iraqi kurdistan viability. and it cannot be the sole source of income. they need to be involve in the regional trade. it seechlz like a good place to leave these things. this is a comprehensive sweep of the kurdish issue as well as politics of the entire region. occur issue spring new map of the middle east and hear what the author david phillips joining me in thanking him forehis insight today. [applause] [applause]

at the end of 1998, that exxon mobil merger was $73 billion. maybe this morning's actions by shell could be the catalyst for further acquisitions not only in the oil and gas sector but also possibly in the mining sector, because the mining sector, like the oil and gas sector, has been a significant underperformer over the last 14 to 18 months. stephen: very briefly, we've seen a lot of deals in the last few days. shell and bg group. what is your next bet on what is behind this trend, do you think? michael: i certainly think the mining sector might be worth a look. glencore was talking about potential mergers. i don't think that is going to happen. if you look at the mining sector , there are been significant declines. potentially we could see php starting to look around for maybe some acquisitions over the course of the next few months. certainly plenty of cash around. interest rates are low. given the lack of margins because of low oil prices companies are under pressure from their shareholders to actually make nice returns. i think the acquis

it's the latest energy deal this year and one of the larger of the last decade rivaling when exxon bought mobile in 1998. bg known for both oil and gas assets. the addition of those assets will boost shell's portfolio by about 25%. >> for shell, the purchase of bg increases their oil and natural gas reserves as well as their oil production while bg brings to the table storage and tunnelling assets as well as tankers to move natural gas around the world. with the lower oil and natural gas we'ves seen whiting petroleum put themselves up for sale as well as other companies that go into bankruptcy. so the time is right for more mergers and acquisitions as we'll see more consolidation this year. >> reporter: bg's stock dropped 5% since the oil slide last summer. that and wide range of assets make it a prime acquisition candidate. with shell paying 50% premium to try to keep exxon from making a counteroffer some analysts are questioning that valuation. but shell is betting it's cheaper to make the deal for proven reserves than it would be to spend money looking for new ones. >> with the decline

people say, exxon, like in '98, bp am ma co, exxon goes exxon mobil, another big deal because of the deal yesterday. >> if you want to know who looks like bg no one. that company was sorry. the only thing they had going for them the chair, everyone revered because he ran schlumberger. if you bought from andrew you're an idiot. there's no way you want to be on the other side. that was 50% premium for a company in the most glutted area of natural gas, liquefied natural gas, the worst single area to go into. there are oil companies worth doing. yes, i understand somebody might want to go for marathon conoco these companies are proud companies, and they don't want to sell. but b.g.? b.g.? brad -- brad gilbert is b.g. great tennis pro. >> are we in a new chapter of m&a? linked today -- >> you mean new, stupid chapter? >> maybe. >> they overpaid. wait, who? >> royal dutch. >> we talked about that yesterday, of course. we have a smaller linkedin deal -- >> why didn't they buy whiting? why didn't they buy continental? if it's a new chapter, they're paying too much. pioneer, you need permian

in bad times exxon doesn't do that badly and in good times it does fine. but it's not a tell of anything. the real bell rang three months ago when the smartest man in the oil patch rich kinder laid down $3 billion to buy the most prime asset available at a moment when crude was in free-fall. that was the most exquisite of timing. everyone else, well, let's just say there's strictly johnny come lately. let's take some calls. let's go to ryan in california. ryan? >> caller: fly eagles fly, jimmy. >> well, we'll see tonight. we'll see tonight. what's going on? >> caller: absolutely. hey, you know, i spread my bets a little bit across midstream integrated and the oil services firms but i'm looking to make a fund upstream. laredo petroleum has great acreage and is a low cost producer. i'm wondering your thoughts on lpi. >> i'm not with you on that. i understand you want to do a speck spec, but why not buy a mobil, they have much more firepower and the great kicker out of israel. i think noble is your play. let's if to kurt in tennessee, please. >> caller: hey,

think exxon will come in? that's the only company that could still mess the deal. >> i can imagine they wouldn't allow this one big entity to come together. >> no a counter bid. do you think exxon would come in and snap up bg. >> as we have been discussing here many analysts saying given the depreciation in oil prices a bet on further consolidation in oil and gas does make sense. deal activity helping european markets today. take a look at u.s. futures. we did see a reversal in trade yesterday. a lot of talk around comments coming from different fed officials. the dow indicating a higher open up about 36 points. nasdaq up about 4. keep in mind our focus will be turning to earnings season with alcoa reporting today. right now we're looking at the s&p 500 up about 4 points. european markets, as we told you deal appetite the center of the discussion when looking at the u.k. markets. the out performer up about 30 points. taking a breather. still holding on to 12,000 but down about 30 points. france up about 8 poin

it is worst two exxon mobils twice as business as exxon. that's big. like the yankees versus the royals' payroll. >>> another morgan stanley call with an overweight they have a 41 $target, they called the cash flow robust and said it's high leveraged to any commodity improvement, of course assuming we get one. just this month theft doubled their electricity-generating capacity. and so that, of course will save them. that's something that analysts are looking at. ngic, a new 52-week high on an upgrade from credit suisse. final version of -- she tried to say -- eligibility requirements and they were more favorable than expected so mtg legacy insurer, as well as radiant check -- >> see, i screwed you up with the up-lle thing. >> i know >>> the average rating on the stock is overweight at 1150 not everything wildly bullish >>> the last stock always the under the ray day. platform special products. pah, really a miami, credit suisse starting coverage with a $32 target. the average rating is overweighted. i have never heretofore heard of said corporation. >>

news of the settlement came in early march when the acting attorney general announced the deal with exxon. >>> it was a culmination of an 11-year lawsuit that charged that company with polluting the land and water around oil refineries. >>> a north jersey track and field judge takes a javelin to the heel. this happened at a track meet at ramapo college in mahwah in bergen county. investigators say the 57-year-old saw the javelin headed toward him he tried oh run but he tripped and fell his legs go up in the air and he was struck by the javelin. paramedic had to cut javelin with a saw before loading him into the ambulance. pulling it out could have made the bleeding worse. victim is expected to be okay. >>> one wisconsin vet is taking a walk to raise awareness for amputee veterans. >> it isn't jut little old stroll much this walk a 9,000 miles long. gabriel mays has the story of this cross country journey. >> represents mental health. >> reporter: michael roberts is going on a very long walk. one that will take him from wisconsin to illinois to california and a number of other states in be

a 21-year-old new jersey man says he came across dmx and his entourage at an exxon gas station. the man says he started talking to the rap err per about music when he says a man from the group showed a gun and demanded his money. the man says dmx took more than $3,000 from me. he just cashed his paycheck before jumping into an suv and taking off. the man was able to follow the suv long enough to get the license plate. so far no charges and no arrest. >>> nobody was hurt after car plowed through the front of a 7eleven in frankford. this happened just after 8:00 a.m. on the 5,000 block of frankford avenue. someone drove a car right through the front doors. we don't know yet what caused the driver to crash. >>> arm robber demanding money at a june nat at at a park 7eleven runs away empty hasn'ted. police say this man pulled a gun on an employee around 7:00 o'clock last night and as the worker hands over a bagful of cash two customers walk in. investigators say the robber gets nervous refuses to take the bag and just takes off. if you recognize this guy you're asked to give police a

i got calls from the grown-ups in the media saying so you and exxon are doing this right? [laughter] they thought i had organized it with some fortune 500 companies before the kochs -- >> yeah, yeah. [laughter] >> exxonmobil. and you'd say, actually, no. [laughter] we're trying to find all these guys, because we'd love to work with them but we've never seen many of them before. and i went to some of the early rallies, and people would say how many have ever been to a political rally before? 10-15% of the people would raise their hands. >> you can watch this and other programs online at booktv.org. >> here are a few of the book festivals we'll be covering this spring on c-span2's booktv: >> that's this spring on c-span2's booktv. >> next on booktv, johann hari talks about the history of the 100-year war on drugs around the world. he spent three years and traveled 30,0

i think everybody has been trying to play exxon conoco. i do think there's another leg lower in oil which means i think exxon has a little room. >> i'm still long gse which is the crb index. it's really heavy oil. that's the way to play it. even if you get a pullback tomorrow, crude oil has not responded to this oversupply in the recent weeks. you have to be long it still. >>> march 27th, steve over here explained why he was cashing out a number of stocks ahead of the start of the second quarter. take a listen. >> if you look at the quarter we're having right now, we have the potential on 03/31 next week to have a negative quarter. that would put the kibosh on this whole marketplace right now, so we're very close to the top in the s&p. i would be very careful. i sold my positions because this makes me nervous as all hell. i sold all the marquee names. google, facebook. i still own twitter. i was a little iffy on that. i sold my southern utility name, which i thought was saving for a rainy day. i got out of everything because i think the ma

you know, exxon has been nationalized twice in venezuela over the past 40 years. they're out today. if exxon were in, and they've been allowed to do what they do well, venezuela production should be six million barrels a day. they're currently running two million, 2.5 million. the u.s. rig count, we're only talking about now change of 100,000, 200,000 barrel az day. if you look at what saudi has done, they ramped up 100 million a barrel towards record highs. that's where we're really focused. >> so bearish overall, obviously. not necessarily bearish overall on all of the names in the space. anadarko, devin, and eog. >> i was going to say long-term, we're incredibly bullish on oil because of what saudi is doing here effectively is launching a major under investment cycle. it's really a question of your timing. the names that we've chosen are all exposed to the u.s. unconventional oil theme which is a huge theme for the future. we like anadarko, as you mentioned, on top of that. their exploration globally has been -- eog is a pure play. along side his all the names have the balance sh